FX

EUR/USD dives below 1.1050 as the US Dollar strengthens on expectations that the Fed will opt for a small-size interest rate cut this month. Investors await the US CPI on Wednesday for fresh guidance on interest rates. The ECB is expected to cut interest rates this week. EUR/USD performs weakly against its major peers on

NFPs weren‘t weak at first glance, but the buying squeeze anticipated, was really short-lived, and shifting rate cut odds influenced. In spite of Waller opening the 50bp Sep cut possibility, the real odds didn‘t go up and remained at 30% only, and that‘s after Williams quite confirming 25bp cut. This comes after the (in my

Gold tumbles after failing to break $2,531 resistance, closing at $2,493 as Fed rate cut speculation intensifies. US Nonfarm Payrolls missed estimates, but improved figures and rising hourly earnings fueled uncertainty over a 25 or 50 bps cut. Despite falling Treasury yields, the US Dollar Index recovered above 101.00, pressuring Gold prices further. Gold retreated

The NZD/JPY pair fell sharply on Friday and reaching a low of 87.85. The RSI has plunged to 36, indicating that the bears are in full control and the negative momentum is likely to persist. Bears have the 87.00 threshold on their sight. The NZD/JPY pair has maintained its bearish stance, extending the selloff that

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Friday that Fed officials are finally beginning to catch up with the broader market’s view that the time has come for movement from the US central bank on policy rates, but downplayed discussion of a larger opening cut in September. Key highlights The job

US Dollar recovers ground after mixed August Nonfarm Payrolls data. Fed official downplayed discussions of a larger rate cut in September than 25 bps. Markets are seeing 40% odds of a 50 bps cut in the next Fed meeting. The US Dollar Index (DXY), a measure of the US Dollar against a basket of six

The Bank of Canada delivered a widely expected 25bp rate cut on Wednesday. The BoC event did not move markets significantly, and the USD/CAD dive shortly after the announcement was instead mostly due to soft US JOLT figures, ING’s FX strategist Francesco Pesole notes. NFP can have a larger impact on USD/CAD than Canadian payrolls “Today, Canada

The Greenback added to the weekly leg lower and pierced the key 101.00 barrier against the backdrop of persistently low US yields across the curve and steady speculation of a potential half-point interest rate cut by the Fed. Here is what you need to know on Friday, September 6: The US Dollar Index (DXY) added

PYPL Elliott Wave Analysis Trading Lounge Daily Chart, Paypal Holdings  Inc., (PYPL Daily Chart.  PYPL Elliott Wave technical analysis Function: Trend.  Mode: Impulsive.  Structure: Motive.  Position: Wave 3 or C. Direction: Upside in wave 3/C.  Details: We are looking at upside potential within wave 3 or C which needs to unfold in a five wave manner, and we seem to be standing within wave {iii}. Equality of 3 vs. 1 stands

The Dow Jones rallied early Wednesday before dipping back to the open. US JOLTS data eased back more than expected in July. Markets have tilted further into bets of a double Fed cut in September. The Dow Jones Industrial Average (DJIA) whipped on Wednesday, rising at the start of the US market session but falling

NZD/USD could test the lower boundary of the ascending channel around 0.6160 level. The nine-day EMA is above the 50-day EMA, indicating that short-term upward momentum is likely to continue. A break above the nine-day EMA at 0.6201 level prompts the pair to revisit a seven-month high of 0.6247. NZD/USD extends losses, trading around 0.6180

The Dow Jones tumbled 500 points on Monday as investor confidence buckles. Markets have fallen victim to new recession fears after US ISM figures miss the mark. Investors are jostling for position ahead of this week’s bumper NFP jobs report. The Dow Jones Industrial Average (DJIA) backslid to kick off the new trading week on

Standard Chartered lowers their 2024 growth forecast to 0.0% from 0.6% on weaker H1 growth and statistical GDP revisions. Japan’s economy is likely to recover gradually, supported by domestic consumption. Standard Chartered raises their CPI forecasts on still-sticky inflation due to wage growth and reduced utility subsidies, Standard Chartered’s macro analyst Chong Hoon Park notes.

Mexican Peso weakens as USD/MXN climbs on judiciary reform concerns after new Congress convenes. Mexico’s Business Confidence improves slightly in August, while Manufacturing PMI hits a two-year low, indicating sectoral challenges. S&P Global cites weak sales, competition from China, and highway insecurity as key issues for Mexican manufacturers. The Mexican Peso begins September on a

NZD/USD extends its losses as US PCE Index data diminish odds of an aggressive Fed rate cut in September. According to the CME FedWatch Tool suggests a 70.0% chance of at least a 25 basis point Fed rate cut in September. The Kiwi Dollar may depreciate further as the RBNZ is expected to deliver a

USD recovered after signs of sticky inflation on July’s PCE. Recovery momentum in AUD throughout August has been supported mainly by the weak USD and improved conditions of risk-related assets. RBA’s hawkish stance continues to benefit the Aussie. The AUD/USD declined by 0.70% to 0.6750 in Friday’s session as the USD strengthened in response to

EUR/USD trimmed to the downside on Friday, extending into a three day down streak. EU inflation brought no surprises, US PCE inflation kept rate bets on balance. Coming up next week: Last US NFP jobs data print before next Fed rate call. EUR/USD tilted further into the red on Friday, extending a downside move into

Gold falls below $2,500 following US PCE report, boosting likelihood of September Fed rate cut. Fed’s cautious policy easing strategy stirs uncertainty; markets favor a 25 bps cut. Traders’ bets on a 25 bps rate cut rise to 69%; odds for a 50 bps reduction fall to 31%, per CME FedWatch Tool. Gold prices tumbled